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Dynasty Resources Limited

ASX:DMA ISIN:AU000000DMA2

News

Dynasty Metals Australia Limited (ASX:DMA) is pleased to provide the Company 2012 Annual Report for year ended 30 June 2012. Dynasty is implementing its strategic plan to rapidly emerge as an iron ore producer in the Pilbara region of Western Australia. Dynasty's flagship Prairie Downs Iron Project is located southwest of Mt Newman. On less than 10% of its tenement holding, Dynasty has identified a 1.4 billion tonne detrital ironstone deposit and a 23 million tonne hematite deposit.

Dynasty Metals Australia Limited (ASX:DMA) confirms that a planned 220 line kilometre ground magnetic survey has commenced on Dynasty's E52/2591 tenement in the Newman area. This tenement is covered by recent alluvials and has been ignored by previous explorers despite having significant Marra Mamba hosted mineralisation in outcropping areas adjacent to the tenement.

Dynasty Metals Australia Limited (ASX:DMA) refers to its previous announcement on 29 May 2012 in relation to its minority interest of 8.65% in a joint venture company with a subsidiary of Tiaro Coal Limited (ASX:TCM) ('Tiaro Coal').

Dynasty Metals Australia Ltd (ASX:DMA) are pleased to announce the grant of two tenements E52/2640 and E52/2641 within the Pilbara Region, covering an area of over 160km2. These tenements are 60km west of Dynasty's Prairie Downs Project and Spearhole Deposit.

Dynasty Metals Australia Limited (ASX:DMA) - A drilling program to target buried CID systems in the southern part of the Prairie Downs project (refer Fig 1 on page 2) has commenced following delays due to weather and heritage clearance issues. The program was originally planned to continue on from the exploration drilling targeting potential direct shipping iron ore (DSO) hosting stratigraphy in the northern part of the Project.